ServiceNow, Inc. $NOW Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its holdings in ServiceNow, Inc. (NYSE:NOW) by 420.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,037 shares of the information technology services provider’s stock after acquiring an additional 6,494 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in ServiceNow were worth $1,231,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS increased its position in ServiceNow by 404.4% in the 4th quarter. KLP Kapitalforvaltning AS now owns 427,345 shares of the information technology services provider’s stock valued at $65,465,000 after acquiring an additional 342,620 shares during the period. Alphinity Investment Management Pty Ltd increased its position in ServiceNow by 402.9% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,246,957 shares of the information technology services provider’s stock valued at $344,211,000 after acquiring an additional 1,800,113 shares during the period. Quaker Wealth Management LLC increased its position in ServiceNow by 430.0% in the 4th quarter. Quaker Wealth Management LLC now owns 212 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 172 shares during the period. Proathlete Wealth Management LLC increased its position in ServiceNow by 810.7% in the 4th quarter. Proathlete Wealth Management LLC now owns 255 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 227 shares during the period. Finally, Caliber Wealth Management LLC KS increased its position in ServiceNow by 356.6% in the 4th quarter. Caliber Wealth Management LLC KS now owns 2,653 shares of the information technology services provider’s stock valued at $406,000 after acquiring an additional 2,072 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOW has been the topic of several analyst reports. Oppenheimer set a $130.00 target price on ServiceNow and gave the company an “outperform” rating in a research report on Wednesday, April 15th. BMO Capital Markets lowered their target price on ServiceNow from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday. Wolfe Research set a $125.00 price target on ServiceNow in a research report on Thursday. Jefferies Financial Group reiterated a “buy” rating and set a $135.00 price target (down from $175.00) on shares of ServiceNow in a research report on Thursday. Finally, TD Cowen reiterated a “buy” rating and set a $140.00 price target on shares of ServiceNow in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.68.

ServiceNow Stock Down 17.7%

Shares of NOW stock opened at $84.85 on Friday. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. The stock has a market cap of $87.92 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. The business’s fifty day moving average is $105.18 and its 200-day moving average is $138.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts expect that ServiceNow, Inc. will post 2.49 earnings per share for the current fiscal year.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q1 revenue beat and company raised its annual subscription-revenue outlook, with management citing strong adoption of ServiceNow’s AI products as a growth driver. Earnings Beat & Raise
• Positive Sentiment: Strategic momentum: deeper Google Cloud partnership and CEO comments emphasize AI-led product traction that could drive recurring revenue and long-term monetization. Google Cloud Partnership
• Neutral Sentiment: Armis acquisition completed (adds cyber?exposure capability), a strategic tuck?in that expands the product set but increases near?term integration/expense complexity. Armis Acquisition
• Negative Sentiment: Management warned the Armis deal and acquisition-related costs will weigh on margins (roughly +75 bps FY headwind; ~125 bps in Q2), spooking investors focused on near?term profitability. Margin Headwind
• Negative Sentiment: Geopolitical impact: ServiceNow cited delayed large deals in the Middle East (Iran conflict) that trimmed subscription growth this quarter — investors treated the disruption as a material near?term revenue risk. Deal Delays from Iran War
• Negative Sentiment: Wall Street reaction: multiple firms cut price targets and some trimmed forecasts after the call; that wave of downgrades magnified selling pressure. Analyst Price?Target Cuts
• Negative Sentiment: Sector contagion and positioning: ServiceNow’s miss?/guidance mix reignited AI-disruption fears across software names, triggering a broad selloff and higher short interest that increased volatility. Sector Selloff

Insider Transactions at ServiceNow

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the sale, the director directly owned 46,430 shares of the company’s stock, valued at approximately $4,697,323.10. This represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,237 shares of company stock valued at $1,697,162 in the last three months. 0.34% of the stock is currently owned by corporate insiders.

About ServiceNow

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.